With 50% of Bitcoin’s hashpower and an Ethereum compatible sidechain, Elastos is building the blockchain industry’s most comprehensive Web 3.0 platform. Elastos employs not only a main chain and sidechain architecture, but a peer-to-peer network, decentralised data storage services, a decentralised ID system and a community grant fund for projects to begin building on the platform.
IMPORTANT: By investing in this business you agree to our Disclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice.
Click here to try again
What is ElastosFounded by OS expert Rong Chen, Elastos is building the blockchain industry’s most comprehensive and interoperable open source platform. Using a hybrid consensus that combines the secure hashpower of Bitcoin and the democratic ideals of Delegated-Proof-of-Stake, the Web 3.0 ecosystem of Elastos is a suite of software for an entirely decentralized internet. Elastos employs not only blockchain technology, but a peer-to-peer network for communication, decentralized data storage services, and a decentralized ID system for all digital assets. With sidechains like Ethereum, Elastos is not merely the foundation for securing truly decentralized applications that can scale; it is the foundation for true data ownership.
One of Elastos’ key features is the massive hashpower it leverages to secure its sidechains. The Ethereum Sidechain boasts a 400+ TPS performance while being secured by a hashrate that is 3x higher than the actual Ethereum network.
Elastos is actively looking for both existing and new dApp projects through its Cyber Republic initiative. Cyber Republic possesses a community-governed grant fund designed to help startups and existing businesses explore blockchain. You can read more about Cyber Republic at https://www.cyberrepublic.org.
DetailsPublic sales: Jan 02, 2018 - Jan 23, 2018
Token supply: 33,000,000 ELA
Hard cap: 70,294,400 USD
Raised: 57,891,200 USD
LegalBlockchain Platform: Elastos
Registration country: Singapore
Registration year: 2017
Office address: The 11th floor, Huahong International Building No. 463 the Tanggu Road, Hongkou District Shanghai, China 200080
Zhongguancun Yingzao Street No. 45 Chengfu Road, Haidian District Beijing, China 100084
Token infoTicker: ELA
Accepted currencies: BTC, NEO
50% - Ecosystem Development
15% - Angel Investors
24% - Private & Public Crowdfunding
11% - Elastos Foundation
Chen Rong, a senior alumnus of Tsinghua Universitys Computer Science department, returns to China from Microsoft USA and begins research and development for the first-generation Elastos network operating system.
Chen Rong is received by Hu Jintao, the former General Secretary of the Communist Party of China.
Foxconn makes investments in the Elastos operating system open-source software project.
Han Feng, Elastos co-founder, meets Wu Jihan, CEO of Bitmain, and reaches agreements for an angel investment of Elastos as well as the establishment of a blockchain credit union.
The first Elastos technology conference is held at the Institute for Advanced Study at Tsinghua, where basic planning for the development of the Elastos Blockchain is determined.
The Cyber Intelligence Economics and Block Chain graduate program is approved. Chen Rong and Han Feng, the Elastos founders, join the lecturing team. The Elastos Blockchain Project officially begins.
The right to use Elastos trademark is officially granted to the Elastos team by the Foxconn Legal Department.
Chen Rong, founder of Elastos, publishes Thoughts on the New-Generation of Operating Systems.
The second Elastos technology conference is held at the Institute for Advanced Study at Tsinghua, where it is concluded that the main chain should be given priority in the next phase of development on the blockchain.
The Blockchain and Operating Systems Group is established collaboratively by Elastos and Tsinghua iCenter. Meanwhile, Chen Rong reaches an agreement of strategic cooperation with Da Hongfei, founder of NEO.
The third Elastos technology conference is held at Tsinghua iCenter, where the technology road-map and timetable concerning the four big goals and four small targets of the Elastos blockchain are determined.
Version 0.1 of the elastos Whitepaper is published and the official website was made public.
According to the instructions given by the leaders of the Ministry of Finance, Elastos decides to focus on development and keep a low profile.
The Elastos Foundation is officially registered in Singapore.
A plenary meeting is held in Shanghai, and the team reaches an agreement regarding the conduct of Holacracy management. The global public relations team, lead by Han Feng, is established.
Elastos and NEO reach an agreement in regards to raising the banner called Beyond Ethereum. They decide to collaboratively hold its Release Ceremony in Silicon Valley on November 30.
The development and strategic cooperation of the Elastos ID service chain and multilayered identity verification service is initiated.
The Elastos public blockchain is officially released, but external nodes remains inaccessible.
Elastos initiates meetups in Japan, Korea, and Southeast Asia.
The global token generation event is initiated. (excluding citizens of the Peoples Republic of China)
Development and strategic cooperation with mobile web applications initiated.
The decentralized version of the Elastos Carrier will be published open source. The development and verification of the primitive model of the Elastos ID service sidechain will be completed.
The Elastos global applications meetup and tour will be held.
Elastos Capital, which aims to support Elastos application ecology projects, will be established.
Interface specifications supported by smart contract and sidechains will be published.
Release of Elastos sidechain whitepaper and Simplified Verification System(SPV) for exchanges and wallets integration.
The Elastos ID service chain Open Beta will be published open source, supporting multilayered identity verification.
Large-scale applications and projects which dock financial big data services and medical insurance will begin.
The framework for mobile web applications will be published open source, contributing to elastos application ecology.
The mining of Elastos Chain and Elastos ID Chain by external nodes will be open and accessible.